First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Short Interest Up 131.0% in July

First Trust Indxx Metaverse ETF (NASDAQ:ARVRGet Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,603 shares, an increase of 131.0% from the July 15th total of 694 shares. Based on an average trading volume of 179 shares, the days-to-cover ratio is presently 9.0 days. Approximately 1.6% of the company’s shares are sold short.

First Trust Indxx Metaverse ETF Price Performance

ARVR stock remained flat at $56.82 during midday trading on Friday. The company’s stock had a trading volume of 14 shares, compared to its average volume of 365. First Trust Indxx Metaverse ETF has a twelve month low of $42.61 and a twelve month high of $58.55. The stock has a market cap of $5.68 million, a price-to-earnings ratio of 29.06 and a beta of 1.24. The company’s 50-day moving average price is $55.48 and its two-hundred day moving average price is $51.29.

First Trust Indxx Metaverse ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.1065 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.43 dividend on an annualized basis and a yield of 0.7%.

Hedge Funds Weigh In On First Trust Indxx Metaverse ETF

A hedge fund recently raised its position in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC lifted its stake in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVRFree Report) by 34.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,814 shares of the company’s stock after acquiring an additional 3,758 shares during the quarter. Jane Street Group LLC owned approximately 29.63% of First Trust Indxx Metaverse ETF worth $564,000 at the end of the most recent reporting period.

About First Trust Indxx Metaverse ETF

(Get Free Report)

The First Trust Indxx Metaverse ETF (ARVR) is an exchange-traded fund that is based on the Indxx Metaverse index. The fund tracks a modified equal-weighted index of stocks, spanning a broad range of industries globally, that are involved in business activities associated with the Metaverse. ARVR was launched on Apr 19, 2022 and is managed by First Trust.

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